Wall Street’s Crush on Autocrats Grows Amid Hunt for High Yield - Bloomberg:
"Democracy doesn’t matter. That’s the message traders are sending as they gorge on bonds from some of the world’s most authoritarian governments.
Wall Street soaked up junk-bond deals this month from Tajikistan and Bahrain, both of which are ranked among the most autocratic regimes by Washington-based Freedom House. Demand for the Central Asian republic’s debt was so high last week that it was able to cut borrowing costs by almost a full percentage point from its initial target. The Middle East kingdom sold $3 billion of debt on Wednesday, its biggest sale ever."
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